Currency markets

By MarketsFarm WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar gained four-tenths of cent by market close on Monday, due increases in crude oil prices and on the stock markets. The loonie finished the day at US$0.7487 or US$1=C$1.3356, which compares with Friday’s close of US$0.7447 or C$1.3429. Benchmark crude oil prices were stronger on

By MarketsFarm WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar was firmer Monday morning, finding some spillover support from crude oil. At 8:50 CST Monday morning the Canadian dollar was at US$0.7470 or C$1.3387 which compares with Friday’s North American close of US$0.7447 or C$1.3429. Crude oil was up by about US$1 per barrel to

By MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) – The Canadian dollar lost more than one-third of a cent at market close on Friday, as fear regarding the COVID-19 coronavirus continued its stranglehold on the markets. The loonie finished the day at US$0.7447 or US$1=C$1.3429, which compares with Thursday’s close of US$0.7484 or C$1.3361. Benchmark crude oil

By MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) The Canadian dollar was weaker Friday morning, as broad global concerns over the COVID-19 coronavirus weighed on world markets. At 9:16 CST Friday morning the Canadian dollar was at US$0.7441 or C$1.3440 which compares with Thursday’s North American close of US$0.7484 or C$1.3361. Weak domestic economic data added to

By MarketsFarm WINNIPEG, Feb. 27 (MarketsFarm) – The Canadian dollar was lower at market close on Thursday, hitting a six-month low, as COVID 19 coronavirus fears continued to dominate and drove the markets down. The loonie finished the day at US$0.7484 or US$1=C$1.3361, which compares with Wednesday’s close of US$0.7531 or C$1.3279. Benchmark crude oil

By MarketsFarm WINNIPEG, Feb. 27 (MarketsFarm) The Canadian dollar fell to its weakest levels in six months Thursday morning, as losses in crude oil and ongoing concerns over the COVID-19 coronavirus weighed on the currency. At 9:08 CST Thursday morning the Canadian dollar was at US$0.7485 or C$1.3360 which compares with Wednesday’s North American close

By MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The Canadian dollar remained virtually unchanged for a second day at market close on Wednesday, as Western Canadian Select (WCS) was steady and there were small gains made in the commodity markets. The loonie finished the day at US$0.7531 or US$1=C$1.3279, which compares with Monday’s close of US$0.7530

By MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) The Canadian dollar was holding steady Wednesday morning, lacking any clear direction. At 9:11 CST Wednesday morning the Canadian dollar was at US$0.7530 or C$1.3281 which compares with Tuesday’s North American close of US$0.7530 or C$1.3281. Crude oil hit its lowest level in just over a year in early

By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The Canadian dollar was virtually unchanged at market close on Tuesday, despite huge downward pressure from the futures markets. Investors turning away from weaker economies provided a counter influence. The loonie finished the day at US$0.7530 or US$1=C$1.3281, which compares with Monday’s close of US$0.7531 or C$1.3279. Coronavirus

By MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) The Canadian dollar was holding steady Tuesday morning, as global equity markets stabilized after Monday’s selloff. At 9:02 CST Monday morning the Canadian dollar was at US$0.7529 or C$1.3282 which compares with Monday’s North American close of US$0.7531 or C$1.3279. Mounting concerns over the COVID-19 coronavirus remained a feature